Reinforcing what others have said, you will have a substantially more fun time in Houston if you live in/near the West side of the 610 loop.

Thereafter, buyer makes payments to seller as set forth in the promissory note.Here's why I think the foregoing rarely happens in residential deals: (A)  It requires a seller who either owns the property outright, has a very small balance on their mortgage, or has a substantial amount of other liquid assets such that they could have already paid off the property. 

Please let me know if you or anyone in your network might be interested in taking over this contract.

I have a couple of properties, substantial savings but property #3 has eluded me for 2 years now. 

Rooms that are not included in the above-grade room count may add substantially to the value of a property, particularly when the quality of the finish is high.

Most of the houses we sell are in need of substantial repairs and are inhabitable "as is". 

This leaves very little window for an effective "Subject To" deal.The other factor to consider is that mortgage arrears (historically <1%) and defaults (historically <0.5% ... less than 0.3% in parts of the country) are substantially less than in the U.S.A.  

If you are providing an ARV, you should be substantiating where you got your numbers.

Interested in taking on our first real estate project and have our eye on a short sale that needs A LOT of work.

This happens...it’s the risk you take in development but doing all the due diligence you can on the front end mitigates that risk substantially .